Keenjhar Lake Resort Project - Sindh Board Of Investment ...

12 Development Parameters
The development parcels, i.e. the Resort (hospitality and residential zone) and the Recreation
(commercial and entertainment zone) are being offered to the developer as a combined parcel. The
developer shall have the flexibility to modify the develop plan on the basis of which this Project’s
feasibility has been prepared. The objective of this is to allow the private developer to introduce its
own ideas into the Project while keeping the overall theme intact. This is expected to bring the value
addition to the development through ideas and innovation as well as development and operating
efficiencies that are expected from the private sector.
To enable the private developer to raise capital and enhance his profitability and a number of avenues
have been left open for the private partner for modification to the development plan. However, certain
aspects of the development are the core elements of the development and developer’s modifications
to the conceptual plan through value addition ideas shall only be accepted if these prime parameters
and objectives remain unaltered in the development plans.
12.1 Development parameters
A conceptual plan (see above) for the development has already been prepared for the GoS by
Meinhardt (Pakistan) Private Limited, and two parcels of land, measuring approximately 550 acres
and 200 acres (together 750 acres or thereabout) have been identified for the development of the
Resort and Recreation zones respectively.
The development components identified in each of these development parcels are also outlined
above and identified in detail in the Request for Proposal (the “RFP”) document, the Concession
Agreement (the “Concession Agreement”) and the Guidelines for Development Parameters provided
as part of the RFP package. These documents also set out the quality of developments and
architectural design influences that are expected to be incorporated in the design, without restricting
the use of modern designs.
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Keenjhar Lake Resort Project - Project Information Memorandum